TSX:TLO
ROAD TOWN, Tortola, British Virgin Islands, Aug. 14, 2013 /CNW/ - Talon
Metals Corp., ("Talon" or the "Company") (TSX: TLO) reported a net loss
for the three month period ended June 30, 2013 of $2.4 million or $0.03
per share (basic and diluted), which was primarily the result of
administration expenses and an investment loss in Tlou Energy Limited,
partially offset by foreign currency translation gains. This compares
to a net loss of $2.7 million or $0.03 per share (basic and diluted)
for the three months ended June 30, 2012, which was largely the result
of administration expenses and an investment loss on portfolio
investments, partially offset by foreign currency translation gains.
Net losses for both the six month period ended June 30, 2013 and June
30, 2012 were $3.7 million or $0.04 per share (basic and diluted).
Capitalized exploration costs on the Trairão Iron Project for the three
and six months ended June 30, 2013 amounted to $0.3 million and $0.7
million, respectively. This compares to $0.8 million and $1.8 million
for the same periods last year. The total capitalized exploration cost
on the Trairão Iron Project to June 30, 2013 amounts to $17.3 million.
Condensed Consolidated Interim Financial Statements for the three and
six months ended June 30, 2013, along with Management's Discussion and
Analysis, have been filed on SEDAR and are available at www.sedar.com.
About Talon
Talon is a TSX-listed company focused on the exploration and development
of the Trairão Iron Project in Brazil. The Company has a well-qualified
exploration and mine management team with extensive experience in
project management.
SOURCE: Talon Metals Corp.
For additional information on Talon please visit the Company's website at www.talonmetals.com or contact:
Sean Werger
President
Talon Metals Corp.
Tel: (416) 361-9636 x247
Email: werger@talonmetals.com
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